HFF secures construction/permanent financing for development of Silicon Valley Courtyard by Marriott Hotel

SAN DIEGO, CA – The San Diego office of HFF (Holliday Fenoglio Fowler, L.P.) has secured construction/permanent financing for the development of a 162-key Courtyard by Marriott Hotel in the Silicon Valley area of California.

Working on behalf of Huntington Hotel Group, HFF senior managing director Tim Wright (top right photo) and associate director Zach Koucos (top left photo) placed the 12-year loan with a fund advised by the U.S. real estate business of UBS Global Asset Management.

Huntington Hotel Group is a developer and manager of a portfolio of Marriott and Hilton select service brands.

Due for completion in December 2009, this Courtyard by Marriott will have seven stories and 95,000 square feet. The property is located at 655 Creekside Way, directly adjacent to Highway 17, in the city of Campbell, a southwestern suburb of San Jose.

“This new Marriott will capture demand from both business and leisure travelers as it is situated in the upscale community of Campbell, near the heart of Silicon Valley,” said Wright.
“Well positioned, just north of the East Campbell Avenue Master Plan Redevelopment Zone, the site benefits from its close proximity to the San Jose
International Airport, Downtown San Jose and Interstates 280 and 880,” added Koucos.



HFF (NYSE: HF) operates out of 18 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, note sales and note sale advisory services and commercial loan servicing. http://www.hfflp.com/.

CONTACTS:

Timothy D. Wright, HFF Senior Managing Director, 858 552 7690, twright@hfflp.com

Laurie Fish McDowell, HFF Associate Director, Marketing, 617 338 0990, lmcdowell@hfflp.com